Match Group (NASDAQ:MTCH) Cut to “Hold” at StockNews.com

Match Group (NASDAQ:MTCH) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Other research analysts also recently issued research reports about the stock. KeyCorp dropped their target price on shares of Match Group from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday. Evercore ISI raised Match Group to a “strong-buy” rating in a research report on Thursday, August 1st. Bank of America reaffirmed a “neutral” rating and issued a $35.00 target price (down previously from $50.00) on shares of Match Group in a report on Thursday, November 7th. Hsbc Global Res upgraded Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Finally, Stifel Nicolaus raised their price objective on shares of Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.73.

Match Group Stock Up 1.7 %

Shares of MTCH stock opened at $31.26 on Friday. Match Group has a 12 month low of $27.66 and a 12 month high of $42.42. The company has a market cap of $8.06 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.86 and a beta of 1.51. The business’s 50 day moving average is $36.36 and its two-hundred day moving average is $33.96.

Institutional Investors Weigh In On Match Group

Hedge funds have recently made changes to their positions in the company. Starboard Value LP bought a new stake in Match Group during the third quarter worth about $361,605,000. Assenagon Asset Management S.A. acquired a new position in shares of Match Group in the 2nd quarter worth approximately $100,848,000. Pacer Advisors Inc. grew its position in Match Group by 88.5% during the 2nd quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock worth $190,279,000 after acquiring an additional 2,940,667 shares during the last quarter. Marshall Wace LLP acquired a new stake in Match Group during the 2nd quarter valued at $49,053,000. Finally, Capitolis Liquid Global Markets LLC raised its stake in shares of Match Group by 668.9% in the first quarter. Capitolis Liquid Global Markets LLC now owns 1,304,000 shares of the technology company’s stock worth $47,309,000 after acquiring an additional 1,134,400 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

About Match Group

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.